There Must Be at Least One Member of a Limited

question 38

True/False

There must be at least one member of a Limited Liability Company who is personally liable for the debts of the business.

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Definitions:

Basic Assumption

An underlying, fundamental premise or belief that is accepted as true without proof.

Tender Can Be Made

Indicates that an offer or presentation of payment or performance in accordance with the terms of a contract is possible or has occurred.

Day Or Night

A term used to indicate that an action or operation can occur at any time within a 24-hour period.

Revocation Of Acceptance

Undoing the acceptance of an offer or contract, often due to the discovery of a significant problem or defect.